Why choose Florida Home Funding?

Fannie Mae Reserve Requirements

In general, when you hear "Fannie Mae Reserve Requirements" it's referring to a reserve of cash or assets that may be used to make payments on the loan should anything happen.

Cash-out refinances and limited cash-out loans do not require reserves and therefore do not fall under this category. If you're seeking a loan for a primary or secondary home, all underwriters will determine, on a case-by-case basis, if your loan requires you to place assets in reserve in order to qualify.

If you're considering seeking a loan for an investment property, be aware that investment properties typically require a reserve of six months or more.

What are acceptable sources of reserves?

Acceptable reserves are any liquid financial asset that is readily available in: